Property Overview & Appeal
This 1977-built, one-storey home in Tyndall Park presents a practical and value-oriented opportunity. Its key appeal lies in a recently renovated basement, which adds valuable finished space to the 800 sqft main living area. The lot is a notable asset, sized at 2,680 sqft and ranking within the top 8% of the neighbourhood for land area, offering ample outdoor potential.
The home suits first-time buyers seeking a solid entry point into the market with immediate livability, or investors looking for a manageable property with a desirable lot size. Its assessed value ranks highly within the local area, suggesting it is a proportionally significant asset within its community context. A thoughtful perspective is that while the living area is modest, the combination of the renovated basement and the larger-than-average lot provides a balance of indoor and outdoor utility that isn't always available in this price segment.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the quality and functionality of the additional space.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess the driveway capacity and on-street parking availability, and consider the basement and lot size as alternatives for storage solutions.
3. The living area is 800 sqft. How does the renovated basement affect the total usable space?
While the official living area is 800 sqft, the renovated basement provides significant additional finished space. The total functional footprint of the home is therefore larger, which is an important factor when comparing it to other listings.
4. The assessed value is $25,600. Why is the likely selling price so much higher?
In Winnipeg, the assessed value for tax purposes is typically much lower than market value. It is useful for comparing relative worth against similar homes (this one ranks in the top 7% in its neighbourhood), but not for predicting sale price. Market value is determined by current buyer demand, condition, and recent sales of comparable properties.
5. The lot is in the top 8% of the neighbourhood for size. What are the possibilities?
A 2,680 sqft lot offers more flexibility than standard plots. Potential uses could include a larger garden, enhanced outdoor living space, or future additions like a shed or deck. It's a long-term asset that adds to the property's inherent value.